Outgoing Wire Transfer Fees Revised

Dear Valued Customer,


The Atlantic International Bank Limited (AIBL) family takes this opportunity to express our sincere gratitude to all our valued customers for your business and loyalty over the years.  We are especially grateful for the patience and confidence you exhibited when the correspondent banking issue surfaced last year.  As you may recall, we were very proactive in responding to this reality and managed to quickly establish a new correspondent relationship with Bancredito from Puerto Rico. We thereafter promised to continue our efforts in trying to establish at least another correspondent relationship.


This promise was fulfilled in September of this year, when we announced our success in establishing a new correspondent relationship with Crown Agents Bank from London.  Already, this new relationship with Crown Agents Bank has proven beneficial as it provided us an opportunity to renegotiate and restructure our outgoing wire transfer fees.  As a result, we are pleased to announce that commencing December 1, 2016, AIBL’s fee for all outgoing wires across the board will be US$100.00.  This effectively terminates the current fee structure based on the value of the wire request.


Our AIBL family would like to take this opportunity to extend season greetings to you and your families. All the best for 2017!




Ricardo Pelayo

Chief Executive Officer